Urgent.News

What's breaking now, across thousands of outlets.

Sunday, 8 November 2026 Reading Room

Business

Raydan Food Files Capital Cut and Rights Issue With CMA

Riyadh, Saudi Arabia — Raydan Food Company has submitted two application files to the Capital Market Authority (CMA): one to reduce its share capital by 58.5 million SAR, and another to raise 105 million SAR through a rights issue. The company filed both applications on November 5, 2026. The move follows a long regulatory process. […] The post Raydan Food Files Capital Cut and Rights Issue With…

saudistandard.com ·

We haven't written up this one. The Saudi Standard has the full story — the link below goes straight to it.

Read the original at saudistandard.com →

More in Business

Tasnee Swings to 1.33B SAR Loss in Nine Months

Riyadh, Saudi Arabia — National Industrialization Company (Tasnee) posted a net loss of 1.33 billion SAR for the nine months ending September 30, 2026, swinging sharply from a 271.5 million SAR profit…

  • Tasnee recorded 1.33 billion SAR loss in nine months ending September 30, 2026.
  • Revenue declined 29.7% to 1.32 billion SAR due to operational disruptions.
  • Asset impairments and weak sales contributed to the financial downturn.

·saudistandard.com

Zoujaj Flags 1.73% Cost Rise From Utility Tariffs

Riyadh, Saudi Arabia — The National Company for Glass Industries (Zoujaj) expects utility tariff changes to raise its annual cost of revenue by approximately 1.73% of total cost of sales, starting…

  • Zoujaj expects 1.73% increase in annual cost of revenue.
  • Saudi government utility tariffs revised starting Jan 1, 2027.
  • Company informs investors to ensure transparency.

·saudistandard.com

More from Sunday 8 November →